How To Fix FINS_REV_REC114 - Acc. principle &4 is not unique for company &1, ledger &2, recogn. key &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 114

• Message text: Acc. principle &4 is not unique for company &1, ledger &2, recogn. key &3

What causes this issue?

There is more then on accounting principle which is assigned to the
quoted company code, ledger and recognition key.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Contact your system administrator.

Procedure for System Administrators

You need to check the assignment of account principles to the quoted
ledger and company code.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC114 - Acc. principle &4 is not unique for company &1, ledger &2, recogn. key &3 ?

  The SAP error message FINS_REV_REC114 indicates that there is a problem with the recognition of revenue in the context of revenue recognition principles. Specifically, the error states that the accounting principle specified is not unique for the given company code, ledger, and recognition key. This typically occurs in the context of revenue recognition processes, such as those used in SAP S/4HANA or SAP ERP systems.
  Cause:
  
  
  Non-Unique Accounting Principles: The error arises when there are multiple accounting principles defined for the same combination of company code, ledger, and recognition key. This can happen if:
  
  Multiple accounting principles have been set up for the same company code and ledger.
  There are configuration issues in the revenue recognition settings.
  
  
  
  Configuration Issues: The configuration for revenue recognition might not be set up correctly, leading to ambiguity in determining which accounting principle to apply.
  
  
  Data Entry Errors: Incorrect or duplicate entries in the configuration tables for accounting principles can also lead to this error.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for revenue recognition in your SAP system.
  Verify the settings for accounting principles under the relevant company code and ledger.
  Ensure that each combination of company code, ledger, and recognition key has a unique accounting principle assigned.
  
  
  
  Review Customizing Settings:
  
  Use transaction code SPRO to access the SAP Reference IMG.
  Navigate to Financial Accounting (New) > Revenue Recognition > Define Accounting Principles.
  Check for duplicate entries and ensure that each accounting principle is uniquely defined for the specified parameters.
  
  
  
  Data Consistency Check:
  
  Run consistency checks on the relevant tables to identify any inconsistencies or duplicates.
  You may need to consult with your SAP Basis or technical team to perform this check.
  
  
  
  Adjust Entries:
  
  If duplicates are found, adjust the entries to ensure that each combination of company code, ledger, and recognition key has a single accounting principle.
  
  
  
  Testing:
  
  After making changes, test the revenue recognition process to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (for defining accounting principles) and FBL1N (for vendor line items) to help in troubleshooting.
  Documentation: Refer to SAP documentation or help notes related to revenue recognition and accounting principles for more detailed guidance.
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP functional consultant who specializes in financial accounting and revenue recognition.